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Dominican Republic President oversees signing of collaboration agreement between Santo Domingo Cyberpark and Telvent

March 17, 2006

  • The signing ceremony took place today at Telvent’s headquarters in Madrid and was overseen by Leonel Fernández Reyna, President of the Dominican Republic; Alejandro González Pons, ambassador of the Dominican Republic in Spain; Eddy Martínez Manzueta, secretary of state and executive chairman of the Santo Domingo Cyberpark; and Manuel Sánchez Ortega, chairman of Telvent. The event was also attended by other senior members of the Dominican Republic government.
  • This strategic agreement will allow information technology projects in the Dominican Republic to be jointly promoted and may be extended to other Latin American countries

Madrid, March 17, 2006 – Telvent GIT (Nasdaq: TLVT), the Global RealTime IT Company, signed a collaboration agreement today with the Cyberpark of Santo Domingo, a technology centre created by the Dominican Republic government. The purpose of the agreement is to develop and promote information technology in the traffic, transport, health, public administration and document security sectors in Latin America.

Telvent and the Santo Domingo Cyberpark will work together to identify, exchange information and jointly participate in new and highly innovative projects related to information technology in these strategic sectors. Furthermore, the creation of centres of excellence in the health and public administration sectors will be promoted in order to generate high value employment and exports.

The Cyberpark is the first industrial complex dedicated to developing information technology in the Dominican Republic. The signing of this agreement will make this centre a reference point for technology companies in Latin America.

For Eddy Martínez, executive director of the Dominican Republic’s Centre for Exports and Investment and executive chairman of the Santo Domingo Cyberpark, “the Dominican government is pleased to see that the development of this activity and the support of Telvent for our market has finally been consolidated in this agreement that will contribute to making our business project a success: to maximise the development of R&D+i projects in our region, and by extension, in the remaining countries in Latin America through the promotion of centres of technology excellence”.

Manuel Sánchez Ortega, chairman and CEO of Telvent said, “we are very satisfied with this agreement signed with the Dominican Republic which not only strengthens and consolidates our presence in Latin America but confirms our ongoing commitment to R&D+i activities in the information technology sector in a region in which we have been working for more than 15 years and which is one of the most important strategic markets that we operate in today”.

Telvent has been present in Latin America since the 1990s and has permanent head offices in Brazil, Argentina and Mexico. Its most notable projects carried out in this region recently include the contract signed in Venezuela to modernise the Caracas-Valle del Tuy railway network, in the traffic sector; the project to manage the Belo Horizonte water network in Brazil in the environmental sector and the projects to manage oil pipelines with PEMEX, the Mexican oil company, in the energy sector.

Telvent (Nasdaq: TLVT), the Global RealTime IT Company, specializes in high value add solutions and services in four industry sectors (Energy, Traffic, Transport and Environment). Its technology allows high performing companies to make real-time business decisions using data acquisition, control, and advanced operational applications, providing secure actionable information delivery to the enterprise.

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